Addu City guesthouse venture kicks off
13 Oct 2014, 8:06 PM
Zaheena Rasheed
Southern Addu City’s flagship guesthouse venture kicked off today with the council handing over 29 plots of land to an Indian company for the development of approximately 250 beds.
Speaking to Minivan News, Mayor Abdulla ‘Sobe’ Sodiq said SG18 Realty intends to develop between 10 and 15 room guesthouses on each plot of privately owned land.
Of the 29 plots, 17 are on the island of Hithadhoo, 10 in Maradhoo, and two in the Maradhoo-Feydhoo ward.
Landowners will receive land rent and ten percent of net profits from the guesthouses, Sobe said.
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